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    1913 Mile 2 Rd Mission, TX 78574

    For Sale
    $365,000

    Four-unit apartment building, strong rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    Exceptional investment opportunity: This four-unit apartment building, located at 1913 W Mile 2 Road, Mission, TX 78574, presents a compelling opportunity for investors seeking consistent rental income. Built in 2000, this property boasts a total of 2,905 square feet across four units situated on a desirable .22-acre corner lot (9,449 sq ft). The building comprises two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, each approximately 726.25 square feet. Currently generating a gross annual income of $25,200, this property offers a strong return on investment. The property is conveniently located off Inspiration Road and the 2 Mile line. Utilities include four electricity meters and one water meter (City of Mission water source). Appliances (stoves and refrigerators) are included. Security features include smoke detectors. The property is fenced with chain link. Tax information is available under Tax Legal Description: T0940-03-000-0100-00. The zoning code is B1. This is a turnkey investment ready for immediate income generation. Asking price: $365,000.

    Property Features for 1913 Mile 2 Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2000
    Buildings
    1
    Units
    4

    HighLights

    • Exceptional investment opportunity: Four‑unit apartment building in Mission, TX, generating $25,200 annual gross income.
    • 2,905 sq ft building on a .22‑acre corner lot.
    • Four units: two 2/1s and two 1/1s, each approx. 726.25 sq ft.
    • Built in 2000, turnkey investment with immediate income potential.
    • Asking price: $365,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.3463119
    Latitude
    26.2473168

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, strong rental income.
    Where is this multifamily property located?
    The property is located at 1913 Mile 2 Rd Mission, TX.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Four-unit apartment building in Mission, TX, generating $25,200 annual gross income.; 2,905 sq ft building on a .22-acre corner lot.; Four units: two 2/1s and two 1/1s, each approx. 726.25 sq ft.
    Request Owner's contact information
    1913 Mile 2 Rd Mission, TX 78574
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    Mission, TX 78574
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1913 Mile 2 Rd Mission, TX 78574
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